Berachain Airdrop: Understanding the Eligibility For Berachain Airdrop

Berachain has raised a massive $42M in funding and their incentivized testnet campaign is live where users can test play apps to be eligible for an airdrop in the future.

Airdrops are among the most exciting ways to earn free tokens in the cryptocurrency space. Airdrops are common in the crypto realm, where projects distribute new tokens. 

Berachain, an EVM-compatible layer 1 (L1) Blockchain, has announced its highly anticipated airdrop program, allowing participants to earn $BERA tokens. At its core, Berachain distributes a $BERA token for free to individuals to democratize access to its platform and foster a community-driven ecosystem.  

What Is the Berachain Airdrop?

An airdrop is a token distribution event where blockchain projects reward their community members with free tokens. Berachain’s airdrop aims to foster community engagement and incentivize ecosystem contributions. Participants who meet the specified eligibility criteria can claim their share of BERA tokens as a reward.

Berachain, a high-performance blockchain built on the Cosmos SDK, offers EVM compatibility and utilizes a unique Proof of Liquidity (PoL) consensus mechanism. The Berachain Airdrop strategically distributes its native token, $BERA, to early adopters and active testnet participants.

The Berachain airdrop isn’t just about earning free tokens; it’s an opportunity to become part of a growing blockchain ecosystem. By participating, you gain access to valuable resources, 

community support, and potential long-term benefits as the platform evolves.

How to be Eligible for Berachain Airdrop

The Berachain airdrop offers an opportunity to acquire tokens, but eligibility criteria are crucial in determining who can participate. To qualify for the airdrop users must engage actively with the network and complete certain requirements. Here is a guide on how to qualify for Berachain Airdrop; 

Add Berachain to Metamask

Before acquiring Berachain airdrop, you’ll require a suitable wallet, one of the best wallets is Metamask. Open Metramask and create a wallet, the wallet should only be used for Berachain airdrop. This will help to monitor your progress. After creating the wallet, make sure to add Berachain to your Metamask. Then, you can start engaging with the network and complete the required tasks. Make sure to check the website regularly for updates.

Engage with Berachain Testnet

Another step towards eligibility is interacting with Berachain’s testnet. By participating in the testnet, you can claim $BERA tokens from the faucet. The testnet faucet is designed to distribute small amounts of $BERA tokens to users, which are used to interact with Berachain’s testnet environment. 

By claiming these tokens, users begin participating in the network's ecosystem and can test out its features without the risk of real financial loss. Berachain closely monitors testnet activities, so users with consistent engagement can increase their visibility and eligibility for airdrops.

Swap Token on Berachain DEX

BEX is Berachain’s native decentralized exchange (DEX), and engaging with BEX (Berachain’s decentralized exchange) increases your chances of qualifying for the Berachain airdrop by actively demonstrating participation in the ecosystem. It operates on an Automated Market Maker (AMM) system, allowing users to swap tokens securely without centralized order books. 

Using BEX, you swap tokens like BERA, STGUSDC, HONEY, and others. No matter the size of the swap, every transaction counts as engagement with the Berachain network. This active involvement shows that you're using the platform, which is a key factor in airdrop eligibility. The more swaps you complete, the higher your level of interaction with the ecosystem, signalling to the team that you're a committed user.

Providing BEX Pool Liquidity

By providing liquidity on BEX, users can enhance their chances of qualifying for the Berachain airdrop. This is achieved by providing Berachain tokens to liquidity pools, which facilitate token swaps on the platform. Each liquidity pool requires two tokens to form a trading pair, with equal fiat value contributions. For example, in the HONEY/WETH pool, you could contribute $1 of HONEY and $1 of WETH, totalling $2 in liquidity.

The liquidity pools allow users to earn BGT tokens, Berachain’s governance token, which can be redeemed 1:1 for BERA tokens. Providing liquidity in these pools increases your network participation, which is vital for eligibility in the airdrop. Each pool offers a different APY (Annual Percentage Yield) for BGT rewards. Some pools, like HONEY/WBTC, offer higher APYs, while others, like HONEY/WETH, offer smaller returns.

Borrowing and Lending on BEND

To increase your chances of qualifying for the Berachain airdrop, you must engage with BEND, Berachain’s lending and borrowing protocol. 

lending tokens to the platform and borrowing tokens using the lent assets as collateral. To start, connect your MetaMask wallet to BEND and select a token to lend, such as BERA, HONEY, WETH, or WBTC. Each token will earn you interest based on its APY (Annual Percentage Yield), which is paid in the same token. Confirm the transaction in MetaMask, and the tokens will be transferred to the lending pool. Repeating this process with various tokens boosts your engagement within the network.

The second part of this step is borrowing tokens from BEND using your supplied tokens as collateral. The Loan-to-Value (LTV) ratio determines how much you can borrow against your collateral. For example, if you lend $100 worth of BERA, you might borrow $50 worth of HONEY with a 50% LTV. Borrowing tokens also reward you with BGT tokens, which can be used in other Berachain dApps. By completing both lending and borrowing actions, you increase your participation in the ecosystem, which enhances your eligibility for the Berachain airdrop.

Staking BGT Tokens

Staking BGT tokens on Infrared, a DeFi protocol built on Berachain increases the user's eligibility for the Berachain airdrop. Infrared specializes in liquid staking, allowing users to earn passive rewards while maintaining access to liquidity. Connect your MetaMask wallet to Infrared and swap BGT tokens for iBGT, Infrared’s native liquid token. Backed 1:1 by BGT, iBGT ensures price stability and trust within the network.

Once you have iBGT, you can stake it in Infrared’s pool, and use it within the Berachain ecosystem for activities like liquidity mining or minting. BGT tokens can be redeemed back to BGT whenever without lock-up periods. Engaging with this staking process increases your chances of qualifying for airdrop rewards by showcasing your active participation in its DeFi ecosystem.

Mint $HONEY Token

Minting HONEY, Berachain's native stablecoin, enhances the user's eligibility for the airdrop. $HONEY can be minted by swapping supported stablecoins like USDT, DAI, or STGUSDC through the Berachain platform. This ensures HONEY is backed 1:1 by reliable stablecoins, maintaining its value equivalent to $1. Minting HONEY increases your participation in the Berachain ecosystem and showcases engagement with its core DeFi functionalities, a key

 factor in airdrop eligibility. 

Conclusion

The Berachain airdrop offers a golden opportunity for cryptocurrency enthusiasts to earn BERA tokens while engaging with the blockchain community. By understanding the eligibility criteria and actively participating in the ecosystem, you can maximize your rewards and contribute to the growth of this innovative project. Don’t miss out—take the steps today to secure your place in Berachain’s future!